The Usage Variance Is the Difference Between the Actual and Standard

question 71

Multiple Choice

The usage variance is the difference between the actual and standard quantity of inputs

• A)multiplied by the standard unit price of the input.
• B)budgeted multiplied by the standard unit price of the input.
• C)multiplied by the actual unit price of the input.
• D)purchased multiplied by the actual unit price of the input.
• E)none of these.

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Definitions:

Intellectual Inferiority

refers to the perception or belief that certain individuals or groups have lower cognitive abilities compared to others.

Step-variable

Costs that remain fixed over small ranges of production or activity levels but can change with larger shifts in activity.

Mixed

A category that includes a combination of various elements or types.

Variable

An element, feature, or factor that is liable to vary or change.